Ocean Bill of Lading

The ocean bill of lading is a key document in the logistics process, serving as evidence of the contract of carriage between the shipper and the carrier. It also acts as a receipt for goods delivered to the carrier and includes details such as the description of the goods, the loading and unloading ports, and the name of the consignee. The bill of lading must be presented to the consignee in order to take delivery of the goods.

The ocean bill of lading is a key document in international trade which serves several purposes:

  1. Firstly, it is evidence of the contract between shipper and carrier concerning the transportation of goods by sea.
  2. Secondly, it acts as a receipt for cargo delivered to the carrier.
  3. Lastly, it is a document of title which allows the consignee to take delivery of the goods from the carrier.

In summary, an ocean bill of lading is:

  • A key document in logistics.
  • Evidence of contract between shipper and carrier.
  • A receipt for cargo delivered to the carrier.
  • A document of title for taking delivery of goods.
  • Contains important information like description of goods, loading/unloading ports, and name of consignee.
  • A legal document that must be presented to the consignee for taking delivery of goods.

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